PIMCO Short-Duration, High-Yield ETF Rakes in Cash on Rate Fears

PIMCO 0-5 Year High Yield Corporate Bond Index (NYSEArca: HYS) has seen cash fly in the door the past few months as investors hunt for junk debt ETFs that provide some protection from rising interest rates. The PIMCO ETF has gathered net flows of $948.7 million so far this year, according to...